Comment As someone who has no debt to cancel (Score 1) 402
I still support the idea of a debt jubilee. After all, it doesn't do me any good to be the sole economic survivor.
Maybe triage the type of debt. Cancel payday loans first, no one will feel sorry for those vultures. Cancel student loans next, Democrats would support that. After that cancel small business loans, take that load off their business. Then some types of securitized debt, like car loans. Not sure about credit card debt. Not as keen on that one because, most of the time, those are voluntary expenses. Maybe credit card debt for low earners.
Banks are already getting basically free cash from the treasury. They can't survive without an ongoing government bailout. They can either fall in line or get cut off.